24 March 2025 – Demand for iron ore concentrates in China is robust, which has already led to a shortage in availability in some regions. Will reciprocal US tariffs be significantly more targeted?
Robust demand for iron ore concentrates in China
Demand for iron ore concentrates in China is robust and rising. Due to a slight drop in production and constant demand in some Chinese regions, this has now led to a shortage in the availability of iron ore concentrates. Analysts currently assume that with the expected improvement in weather conditions in China, iron ore mines will also increase their production in order to meet demand.
Prices for nickel pig iron rise again
After nickel ore prices in the Philippines rose last week and Indonesian ore prices followed suit on Friday, the trend in Asian nickel pig iron prices continued and remained stable sideways today, Monday. Indonesian NPI prices have now risen by more than 4.2% since the end of February.
Will reciprocal US tariffs be introduced in a much more targeted manner?
According to media reports from the United States and following hints from US President Donald Trump last weekend, the reciprocal tariffs on imports into the United States announced for 2 April 2025 appear to be much more targeted than previously thought.
According to recent reports, the US administration appears to only want to impose reciprocal tariffs on the countries with the largest unfair trade deficit with the United States, which would not only include countries from Asia. In return, the introduction of further sector-specific tariffs is likely to be waived.
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
